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Apartments In Demand – Grant Hoey

Actual property sales in Auckland has decreased over the last couple of months however property values have continued to climb. During the last year 15 percent has been added to property values.

The RBNZ continues to impose the LVR restrictions on loans so Banks are can only lend up to ten percent of all new lending to home buyers needing to borrow more than eighty percent of the value of the property.